Sub Blog 5

Always a confusing topic…… Actually it only becomes confusing when the terms are not used in the strictest sense.

What is the definition of both?

I. Telex Release ---- A message sent by the shipping line or agent at the Port of LOAD to their office /agent at the Port of Discharge, advising that the Exporter or Shipper has surrendered one or all of the original bills of lading that were issued and that the cargo can be released to the consignee shown on the bill of lading without presentation of the Original Bill of Lading. This is usually requested ONLY of the direct consignee (Not a bank or To Order).

(a) When the shipper and consignee are part of the same Group and do not require negotiations between the two directly or via the bank for release of the cargo.

(b) The bank is not involved in the shipment and the shipper does not need to secure his payment by surrendering the Original Bill of Lading.

(c)When there is not enough time to courier the original bill of lading to the consignee by the shipper.
II. Express Release ---- used mainly in the below occurrences:

(d) An express release or waybill instead of a master bill of lading from the shipping line has been issued to the shipper who is a freight forwarder and has issued a House Bill of Lading.

A Telex release has a physical Original Bill of Lading issued, printed and surrendered whereas there is NO Original Bill of lading issued to anyone with an Express Release, and is therefore not a Negotiable Document.